Dealer profiles - Page 51

Motorpoint chief executive Mark Carpenter is rooting for a strong September of new car registrations to get supplies flowing and ease an “overheated” used car sector.

Vertu Motors is taking its car dealerships “off grid” as part of efforts to combat the soaring cost of energy in the second half of 2022.

Franchised car retailers may be forced to set aside manufacturer standards and don jumpers and jackets in showrooms to mitigate the impact of soaring energy costs.

Group 1 Automotive has completed the acquisition of Essex-based BMW and Mini franchised car retailer Fairfield Motor Group.

Hendy Group has become the first franchised car retailer to offer a new car subscription offering through a partnership with newly relaunched Karzoom.

Jaguar Land Rover’s (JLR) plan to open its own car retail stores as it embarks on a process of “reimagining every aspect of our Jaguar business” has sparked uncertainty among its franchised car dealers.

Hendy Group has revealed plans to unite the Renault and Nissan brands at a new-build showroom facility in Eastleigh, near Southampton.

Allen Motor Group has joined the Hyundai Motors UK franchised car retail network and added two Kia dealerships with the acquisition of Delgarth Motor Group.

The MG Motor UK franchised car retail network will have capacity to fulfil the brand’s future target “in excess of 90,000 sales” by the end of 2022, says commercial director Guy Pigoukanis.

West Motor Company is targeting growth with a new car franchise partner after acquiring the former Mercedes-Benz Retail Group dealership in Bromley.

Group 1 Automotive has appointed its current president of US operations Daryl Kenningham as its new chief executive after Earl J. Hesterberg announced his retirement after 17 years with the car retail group.

Lookers has posted a better than expected first half of the year performance with underlying profit before tax reaching £47.2 million.

Pendragon has officially reopened its Stratstone BMW and Mini car dealership in Hull following a major refurbishment.

Tributes have been paid following the death last week of Elsie Brooks 60 years after she and husband Ron co-founded Ron Brooks Group, which has now represented Toyota for half a century.

The UK's Porsche and Bentley dealer networks are set to expand once AM100 dealer group Rybrook completes the construction of its latest development.

CarGurus has launched a new inventory strategy tool to help dealers capture more leads from ready-to-buy shoppers.

Car retailers must rethink their customer propositions to offer greater financial security to cash-strapped customers, according to RAC Dealer Network.

Police are pursuing a pair of teenager joyriders who caused £9,000 of damage when they took a Mercedes-Benz for an illegal joyride around a Sytner dealership forecourt.

US-based Lithia Motors is said to have been identified as the “large international corporate” which launched a £460 million takeover bid of Pendragon.

Humphries & Parks has become the latest former Mitsubishi Motors in the UK car retailer to join the Mitsubishi Motors UK franchised car retail network.

Riverside Volvo Doncaster is celebrating 40 years in business by hosting a series of special events.

Devon-based AM100 group Vospers grew its return on sales to 2.9% during 2021 and has carried strong profitability through to at least May this year.

Picador, the Hampshire dealer group which has retailed Vauxhalls for almost 60 years, has been sold to Snows Group.

A Yorkshireman who laundered dirty cash through his used car dealership has agreed to forfeit £1.14 million of assets in a case brought by the National Crime Agency.

A ‘seismic’ High Court ruling over a landmark case involving RCI Financial Services and Mackie Motors has paved the way for a seven-day termination period for franchised car retailers, it has been claimed.